Lunar and Instabank’s shareholders settle and conclude Norwegian lawsuit

Lunar and Instabank's shareholders have settled the Norwegian lawsuit. Both parties have agreed to close the case and look forward. Thus, the lawsuit is definitively concluded. 

"We are pleased that the case is now coming to an end. After a close dialogue with Lunar, we have arrived at the best solution. The past few years have been turbulent, and we are happy that we can now put a final point in the case. Now we look forward and can direct our full attention to the growth journey that Instabank is on," says Robert Berg, CEO of Instabank.

Ken Villum Klausen, CEO of Lunar, is pleased that a final point can now be set: "After careful consideration, we have decided to settle with Instabank's shareholders so that we can all move on. A lawsuit can stretch over a long period and distract from executing our business plans, future growth, and most importantly, our employees and customers. In this light, a settlement is the best solution for everyone," he says.